While defense gets cut, budget remains bigger than mid-1990s

January 5, 2012

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(AP/Donna McWilliam)
Military cuts, though not official, are expected to cut back on weapons systems like the F-35 Joint Strike Fighter.

President Obama went to the Pentagon today to announce a broad, new defense strategy that includes hundreds of billions of dollars in cuts to the current military budget. The president said that despite the cuts, the U.S. would maintain its military "superiority."

Worldview takes a look at the new plan with Lawrence Korb, a senior fellow at Center for American Progress. He was assistant secretary of defense under President Reagan.